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Air Transport MRO Market By Aircraft Type (Narrow Body, Wide Body, Regional Jet, Turboprop), By Offering (Engine, Component, Airframe, Line), By End-User (Passenger, Cargo) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Expanding Air Travel Fleet with Growing Passengers to Boost Air Transport M.R.O. Market

The aviation industry and businesses at its periphery are experiencing robust growth with the expansion of the global population. Affordable air travel and the rising disposable income of the middle class are pushing passenger travel to a record level. This has influenced the demand for a new fleet of aircraft from airliners which in turn encouraged the growth of the air transport M.R.O. market. Moreover, new initiatives, such as visa on arrival and open-sky agreement among countries like the U.S. and India, have further influenced passenger travel among countries around the world. With increasing passenger numbers, the demand for new planes is also growing, which has influenced the growth of the air transport M.R.O. market in the year 2018.

In the next decade, over 200 Mn more people are expected to move into the middle-class category. It will provide an upswing aviation industry and air transport M.R.O. market to show good growth is unquestionable. Additionally, market liberalization, improvement in service quality, and competition among players will further influence market growth. However, the lack of skilled technicians and higher maintenance cost is expected to hinder the growth of the market during the forecast period of 2019 to 2027.

Market Snapshot

The emergence of e-commerce to Increase Cargo Share in End-user Segment

Based on end-user, the passenger segment captured over 85% of the market share in the year 2018. However, with the emergence of e-commerce, the percentage of the cargo segment is estimated to increase in the near future. E-commerce giant Amazon has recently announced 15 more cargo planes with a capacity of 79 tons each. With this addition, Amazon has a fleet of 65 cargo planes. With the e-commerce market growing stupendously in the Asia Pacific, the cargo segment is expected to increase its share in the near future.

The Asia Pacific is estimated to register the highest Market Share.

Currently, Asia Pacific is trailing behind North America and Europe. However, with a growing middle-class population, the aviation market is expected to grow in the coming decade, which in turn will influence the air transport M.R.O. market in the region. The economic development of Asia Pacific, in particular China and India, are the major countries where the middle-class population is exploding. This large population, with its growing inclination towards air travel, is estimated to drive market growth during the forecast period. In addition, a lower labor rate and rapid development of infrastructure in China and India are expected to further boost the air transport M.R.O. market. Recently, China announced its plan to add 74 new airports, totaling 260 airports nationally by 2020. Also, China’s neighbor and fastest growing economy in the world, India, also has a plan to add 100 more airports by 2024. With such major developments, the air transport M.R.O. market is estimated to show good growth in the Asia Pacific.

New Technological Development is keeping the Market Competitive

Major players profiled in the air transport M.R.O. market include A.A.R. Corp., Air France Industries K.L.M. Engineering & Maintenance, Hong Kong Aircraft Engineering Company Limited, Delta TechOps, Lufthansa Technik, Airbus S.A.S., Singapore Technologies Engineering Ltd., Turkish Technic Inc., Sabena Technics and S.R. Technics among others.

The overall air transport M.R.O. market is fragmented, and companies are adopting strategies such as partnering with airlines and use of technology to improve their efficiency and, thereby, market share. For instance, in October 2019, Airinmar Ltd., a subsidiary of A.A.R. Corp., signed a three-year agreement with JetBlue Airways to provide component value engineering cost oversight servicing for its AirBus and Embraer fleets. With this agreement, A.A.R. Corp. has increased its client base and share in the overall air transport M.R.O. market. Also, in October 2019, AirBus S.A.S. partnered with Delta Air Lines, Inc. to develop predictive maintenance and health monitoring solutions for airlines worldwide by 2020. This can be accessed through the AirBus Skywise platform. With predictive intelligence, airlines can keep a higher fleet availability. With this partnership, the company is expecting to increase its share in the global air transport M.R.O. market.

Historical & Forecast Period

The research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

Air transport M.R.O. market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global air transport M.R.O. market based on aircraft type, offering, end-user, and geography. 

Frequently Asked Questions:

The market for Air Transport MRO is expected to reach US$ XX Bn in 2027.

The Air Transport MRO market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2019-2027.

The base year of this report is 2021.

AAR Corp., Air France Industries KLM Engineering & Maintenance, Hong Kong Aircraft Engineering Company Limited, Delta TechOps, Lufthansa Technik, Airbus S.A.S., Singapore Technologies Engineering Ltd. are some of the major players in the global market.

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Published Date:  Nov 2019
Category:  Technology & Media
Report ID:   60027
Report Format:   PDF
Pages:   120
Rating:    4.1 (70)
Delivery Time: 24 Hours to 48 Hours   
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